The Government Service Insurance System (GSIS) on Monday said it welcomes the House of Representatives’ inquiry into its investment activities, emphasizing that the move aligns with its commitment to transparency, accountability, and good governance.
In a statement, GSIS President and General Manager Wick Veloso said the pension fund fully supports oversight efforts that ensure responsible management of its members’ contributions.
“All our investments follow three fundamental principles — safety, liquidity, and yield. Every investment undergoes rigorous evaluation by our Investment Committee, Risk Oversight Committee, and the Board of Trustees, in compliance with Republic Act 8291,” Veloso said.
He added that GSIS regularly engages with teachers’ and retirees’ groups to clarify issues and provide accurate information regarding its operations and investment portfolio.
Veloso also assured members that the fund remains financially sound, reporting total assets of PHP1.92 trillion and a net income of PHP100 billion as of August 2025.
“These figures clearly show that the fund continues to grow and remains secure,” he said, reassuring GSIS’s 2.7 million members and pensioners that their contributions are well protected through prudent investment practices.
Veloso likewise addressed earlier reports of an alleged PHP8.8-billion loss, clarifying that the claim is unfounded and not reflected in GSIS’s audited financial statements.
The GSIS reaffirmed that it will continue to operate within its legal and policy framework and remain focused on its mission to provide a secure and sustainable future for government workers and pensioners, guided by its core principle of “Ginhawa (Comfort) for All.”